Roku, Inc. (NASDAQ:ROKU) – Equities researchers at Oppenheimer Holdings dropped their FY2017 earnings per share estimates for Roku in a report released on Thursday. Oppenheimer Holdings analyst J. Helfstein now forecasts that the company will post earnings per share of ($2.88) for the year, down from their prior estimate of ($1.48). Oppenheimer Holdings has a “Underperform” rating on the stock. Oppenheimer Holdings also issued estimates for Roku’s Q4 2017 earnings at ($0.10) EPS, Q1 2018 earnings at ($0.21) EPS, Q2 2018 earnings at ($0.14) EPS, Q3 2018 earnings at ($0.11) EPS, FY2018 earnings at ($0.41) EPS and FY2019 earnings at ($0.21) EPS.
Roku (NASDAQ:ROKU) last announced its quarterly earnings results on Wednesday, November 8th. The company reported ($0.10) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.68) by $1.58. The firm had revenue of $124.80 million for the quarter, compared to analysts’ expectations of $110.47 million. Roku’s revenue for the quarter was up 40.1% on a year-over-year basis. ILLEGAL ACTIVITY NOTICE: “FY2017 EPS Estimates for Roku, Inc. Reduced by Oppenheimer Holdings (ROKU)” was reported by Transcript Daily and is the sole property of of Transcript Daily. If you are accessing this story on another website, it was stolen and reposted in violation of U.S. & international copyright legislation. The legal version of this story can be viewed at https://transcriptdaily.com/2017/11/15/fy2017-eps-estimates-for-roku-inc-reduced-by-oppenheimer-holdings-roku.html.
ROKU has been the topic of several other research reports. Needham & Company LLC started coverage on Roku in a research note on Monday, October 23rd. They set a “buy” rating and a $28.00 price target on the stock. Morgan Stanley upped their target price on Roku from $22.00 to $25.00 and gave the company an “equal weight” rating in a research note on Thursday, November 9th. Citigroup Inc. assumed coverage on Roku in a research note on Monday, October 23rd. They issued a “neutral” rating and a $24.00 target price on the stock. William Blair assumed coverage on Roku in a research note on Monday, October 23rd. They issued an “outperform” rating on the stock. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $28.00 target price (up previously from $26.00) on shares of Roku in a research note on Thursday, November 9th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $26.20.
Shares of Roku (NASDAQ:ROKU) opened at $36.95 on Monday. Roku has a 52 week low of $15.75 and a 52 week high of $48.80.
A number of hedge funds have recently bought and sold shares of ROKU. Whale Rock Capital Management LLC acquired a new position in Roku in the 3rd quarter valued at $1,327,000. Jane Street Group LLC acquired a new position in Roku in the 3rd quarter valued at $3,784,000. Dragoneer Investment Group LLC acquired a new position in Roku in the 3rd quarter valued at $9,554,000. Oppenheimer Asset Management Inc. acquired a new position in Roku in the 3rd quarter valued at $216,000. Finally, Pier Capital LLC acquired a new position in Roku in the 3rd quarter valued at $1,454,000. 0.70% of the stock is currently owned by hedge funds and other institutional investors.
In related news, major shareholder Mv Management X, L.L.C. sold 6,900,000 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $14.00, for a total value of $96,600,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Roku, Inc is a United States-based company engaged in creating streaming platform for delivering entertainment to the television. The Company’s products include Roku 4, Roku 3, Roku 2, Roku 1, Roku Streaming Stick and accessories, such as cables, remote controls, power adapters and headphones. Its Roku streaming players and the Roku Streaming Stick are sold through retailers in the United States, Canada, the United Kingdom, the Republic of Ireland, Mexico and France.
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